503598
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No, you don't have any gain or loss.
TurboTax is not set up to properly guide you for this (it would make you pay taxes on $55,000). This answer may help you report it:
https://ttlc.intuit.com/questions/2936029-sale-of-rental-property?jump_to=answer_4870589
No, you don't have any gain or loss.
TurboTax is not set up to properly guide you for this (it would make you pay taxes on $55,000). This answer may help you report it:
https://ttlc.intuit.com/questions/2936029-sale-of-rental-property?jump_to=answer_4870589
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